Derek  31 Aug 2017

Morning,

International:
Negative trend lines in the US were broken. It is only the HangSeng that is negative this morning with all other markets strong. I show the S&P500 and notice the trend line brake as well as were FrontRunner broke its moving average.



JSE Technical:
I showed Firstrand yesterday and mentioned RMB Holdings. I show RMB Holdings today and notice how divergence was in place against strong resistance.



Anheuser-Busch opened a window with its good results and as I always mention: All open windows get closed! So was the case with Anheuser-Busch. Now that the window is out of the way, it broke the EMA8 line.



Enjoy your day

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